Re Power Fund
- Assets
- $10.0m
- Revenue
- $5.1m
- Investments
- $0.0
- Employees
- 0
- Location
- St Paul, MN
- Founding
- 11/2003
- Data as of
- 12/2023
- EIN
- 35-2191193
Organization Overview
Re Power Fund is located in St Paul, MN. The organization was established in 2003. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Re Power Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Re Power Fund generated $5.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $4.3m during the year ending 12/2023. While expenses have increased by 12.5% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
RE:POWER FUND EXISTS TO BUILD A CRITICAL MASS OF SOCIAL JUSTICE MOVEMENTS AND THEIR LEADERS WHO EMBODY THE IDEOLOGY AND PRACTICE OF LIBERATORY ORGANIZING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MOVEMENT TECHNOLOGY:RE:POWER FUND'S MOVEMENT TECHNOLOGY WORK DEVELOPS COMMUNITY-LED TECHNOLOGY SKILLS OF DATA AND DIGITAL PRACTITIONERS WHO ARE ADVANCING CHANGE IN OUR COMMUNITIES.
MOVEMENT BUILDING: RE:POWER FUND'S MOVEMENT BUILDING PROGRAM SUPPORTS POWERFUL ORGANIZATIONS & COALITIONS TO ORGANIZE AND MOBILIZE CAMPAIGNS THROUGH STRATEGIC PLANNING, COACHING, AND CAPACITY BUILDING.
GOVERNANCE RE:POWER FUND'S GOVERNANCE PROGRAM SUPPORTS NEWLY ELECTED OFFICIALS THROUGH OUR PROGRESSIVE GOVERNANCE ACADEMY (PGA) TO BUILD POWER WITH PEERS AND LOCAL MOVEMENT ACTORS, WHILE ALSO STRENGTHENING THEIR SKILLS IN GOVERNANCE FOR A LIFELONG CAREER IN PUBLIC LEADERSHIP. THE PGA IS PARTNERSHIP BETWEEN RE:POWER FUND, STATE INNOVATION EXCHANGE (SIX), AND LOCAL PROGRESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karundi Williams Executive Director | Officer | 42 | $0 |
Kavita Khandekar Chopra Managing Director, Organiz | 35 | $0 | |
Uyen Doan Managing Director, Program | 35 | $0 | |
Heidi Gerbacht Director, Progressive Governance Academy | 40.5 | $0 | |
Sarah Allsbrooks Director, Development | 22.5 | $0 | |
Carmen Berkley Chair | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,202,541 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,202,541 |
| Total Program Service Revenue | $904,535 |
| Investment income | $14,961 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,122,037 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $186,282 |
| Compensation of current officers, directors, key employees. | $74,513 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,315,450 |
| Pension plan accruals and contributions | $47,618 |
| Other employee benefits | $140,056 |
| Payroll taxes | $117,677 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,028 |
| Fees for services: Accounting | $42,338 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $821,608 |
| Advertising and promotion | $0 |
| Office expenses | $43,387 |
| Information technology | $126,850 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $21,239 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $20,670 |
| All other expenses | $0 |
| Total functional expenses | $4,343,567 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,991,924 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,977,787 |
| Accounts receivable, net | $4,320 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $8,886 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,982,917 |
| Accounts payable and accrued expenses | $35,109 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $791,033 |
| Total liabilities | $826,142 |
| Net assets without donor restrictions | $5,968,845 |
| Net assets with donor restrictions | $3,187,930 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $9,982,917 |
Grants Awarded
Over the last fiscal year, Re Power Fund has awarded $250,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PLANNED PARENTHOOD FEDERATION PURPOSE: WOMEN OF COLOR LEADERSHIP PROJECT | $125,000 |
TIDES FOUNDATOIN (WORKING FAMILIES FUND) PURPOSE: WOMEN OF COLOR LEADERSHIP PROJECT | $125,000 |